buddypress inbox / xprofile help

Hello, so there is this ability to add "labels" when using boss 2.0 theme, buddypress and so on. But when adding a label, i can't seem to find a way to remove or change a label. I know this is not a plugin I bought from you, but it would be really great if you at wpmudev could use your superpowers to help me (and probably dozens of other people) finding out how to remove or delete labels.. maby you allready know a solution..? Check my screenshot below. Thanks :slight_smile:

http://prntscr.com/aclnh0